Thor Industries, Inc.

Elkhart, Indiana

Classification

Public

About

About

Thor Industries, Inc. was founded on August 29, 1980, by Wade F. B. Thompson and Peter B. Orthwein, with its headquarters located in Elkhart, Indiana. The company was established through the acquisition of the Airstream brand and has since grown into a global manufacturer of recreational vehicles (RVs). Thor Industries went public in 1984 and has expanded its market presence significantly through a strategy of organic growth and key acquisitions, including Keystone RV, Erwin Hymer Group, and the Tiffin Group. The company manages a comprehensive portfolio of operating subsidiaries that function independently while leveraging shared resources, positioning itself as a prominent leader in the recreational vehicle sector. Business/Product Breakdown Thor Industries designs, manufactures, and sells a wide variety of recreational vehicles (RVs) and related parts and accessories through its family of companies in North America and Europe. The company's product offerings are categorized primarily into towable recreational vehicles, such as travel trailers and fifth wheels, and motorized recreational vehicles, which include Class A, Class B, and Class C motorhomes. Its portfolio features well-known brands including Airstream, Jayco, Keystone RV, Tiffin Motorhomes, and the European-based Erwin Hymer Group. Beyond vehicle manufacturing, the company supplies aftermarket components through its Airxcel subsidiary. In recent years, Thor has undertaken strategic initiatives to streamline operations and modernize its brand, such as a 2019 corporate rebranding and a 2025 organizational realignment that integrated Heartland Recreational Vehicles under the Jayco brand to enhance operational efficiency.

Financials

Revenue & Profit

Revenue

Valuation

Valuation

Ratios

Revenue / EBITDA
$123 MM
Valuation / Revenue
$123 MM
Valuation / Employees
$123 MM
EBITDA / Revenue
$123 MM
1-Year CAGR (Revenue)
03
3-Year CAGR (Revenue)
11
1-Year CAGR (Employees)
19
3-Year CAGR (Employees)
96

People

Employee Figures

Employees

Key Executives

NameTitleSocialsEmailPhone
John DoeEmployee
--
Jane DoeEmployee
John DoeEmployee
John DoeEmployee

401K

Total Active Participants
1234
No. Participants with Account Balances
56789
Total Liabilities Start of Year
1234
Total Assets Start of Year
56789

Deals

M&A2024-03-15Completed

Seller

Founders Group

Investor Sponsors

NorthBridge PE

Deal Amount

$120M

Target Company Valuation

$1.20 MM

Techniques

Acquisition of Assets, Taken Private

Stake Tags

100%

Is PE deal

Yes

Is deal PE backed

Yes

Total Acquired

100%

Secondary Transaction2023-09-01Canceled

Target

BrightHealth Technologies

Seller

Early Investors Consortium

Investor Sponsors

--

Deal Amount

Undisclosed

Target Company Valuation

NaN

Techniques

Secondary Sale, Management Buy-out (MBO)

Stake Tags

Majority

Is PE deal

No

Is deal PE backed

Yes

Total Acquired

65%

Funding

Keywords

Keywords

Classified

Private